Data is collected from 20 sales people in order to verify that the more contacts made with potential clients, the greater the sales volume. The Mega Stat printout is shown below. Analyzing this printout we can determine:
A) the value of t indicates that the coefficient of correlation is greater than zero when using the 0.05 level of significance.
B) the value of t indicates that the coefficient of correlation is greater than zero when using the 0.01 level of significance.
C) the p-value indicates that the coefficient of correlation is greater than zero when tested at the 0.01 level of significance.
D) for each extra contact made, sales can be anticipated at approximately $1,113.
E) the value of t indicates that the coefficient of correlation is greater than zero at both the 0.05 and 0.01 levels of significance. The p-value indicates that the coefficient of correlation is greater than zero when tested at the 0.01 level of significance. For each extra contact made, sales can be anticipated at approximately $1,983.

Question

Data is collected from 20 sales people in order to verify that the more contacts made with potential clients, the greater the sales volume. The Mega Stat printout is shown below.    Analyzing this printout we can determine:
A) the value of t indicates that the coefficient of correlation is greater than zero when using the 0.05 level of significance. 
B) the value of t indicates that the coefficient of correlation is greater than zero when using the 0.01 level of significance. 
C) the p-value indicates that the coefficient of correlation is greater than zero when tested at the 0.01 level of significance. 
D) for each extra contact made, sales can be anticipated at approximately $1,113. 
E) the value of t indicates that the coefficient of correlation is greater than zero at both the 0.05 and 0.01 levels of significance. The p-value indicates that the coefficient of correlation is greater than zero when tested at the 0.01 level of significance. For each extra contact made, sales can be anticipated at approximately $1,983.

Quizplus · Accepted Answer

The Mega Stat printout shows that the value of t is positive and significant at both the 0.05 and 0.01 levels of significance. This indicates that there is a positive correlation between the number of contacts and sales volume. The p-value is also significant at the 0.01 level, further supporting this conclusion. Finally, the coefficient of $1,983 indicates that for each extra contact made, sales can be anticipated to increase by approximately $1,983. Therefore, the best choice is E.

Data Is Collected from 20 Sales People in Order to Verify